In General,contract Rights May Be Assigned

question 10

Multiple Choice

In general,contract rights may be assigned.Which of the following types of contract rights may not be assigned?

• A) personal service contracts
• B) assignments of future rights
• C) contracts for the sale of goods
• D) A and C only
• E) A and B only

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Definitions:

Patents

Legal rights granted to inventors that prevent others from making, using, or selling an invention for a certain period of time.

Marketable Securities

Financial instruments that can be easily converted into cash because they have high liquidity and short maturities.

Financial Leverage

Employing the use of debt to boost the prospective profits of an investment, which in turn escalates the risk of experiencing a loss.

Debt-To-Equity Ratio

The ratio portraying the financial interplay between shareholder equity and debt in the capital structure for assets.